South Dakota Indian Business Alliance

03/19/2021

To commemorate Women’s History Month, we have launched a special celebration of our Wíŋyaŋ Wayúwaštepi — Lakota women who work hard to make things better for our families, communities, and the Lakota Nation. Learn more about our sacred Wíŋyaŋ Wayúwaštepi here, and through our website at https://lakotayouth.org/lakota-culture/winyan-wayuwastepi/

10/22/2020

EXTENSION!!
SMALL BUSINESS GRANT DEADLINE NOW
FRIDAY, OCTOBER 30

An announcement from the State today extends the deadline for the Small Business Grants program by one week and broadens the criteria.

In addition to the extended deadline, other updates include:
• Increasing the maximum grant from $100,000 to $500,000
• Decreasing the minimum threshold from $750 to $500
• Broadening the eligibility requirement from reduction in business of more than 25% to a reduction in business of more than 15%

All program information can be found at https://covid.sd.gov/smallbusiness-healthcare-grants.aspx

Additional Support:
Live office hours are held each afternoon at 3 and 4 pm Central.
FAQ's document can be found at the link above.
Assistance hotline is 605-937-7243 open Monday-Friday 8-5 CDT
Email questions to:
• Small Business: [email protected]
• Healthcare: [email protected]

South Dakota COVID-19 news

10/13/2020

SMALL BUSINESS GRANT PORTAL OPENS OCTOBER 13-23



On October 9, The State announced the opening of the Small Business and Healthcare Provider Relief Program, which will utilize up to $580 million in Coronavirus Relief Fund (CRF) dollars to assist small businesses, community-based healthcare providers, and non-profits negatively impacted by the COVID-19 pandemic.



The ONLINE application process for the small business funds is slated to begin on Tuesday, October 13, 2020 and end on Friday, October 23. Program FAQ's can be found at covid.sd.gov by clicking on the Small Business & Healthcare Grants button.

The Small Business COVID Interruption Grant is for businesses that can show a loss in income from March-August 2020 compared to March-August 2019. A total of $400 million has been allocated for this program.



The Small Business start up grant is for businesses who have registered with the state between September 1, 2019 and June 1, 2020 whose growth has been impacted. Businesses must show a loss in 3 of 6 months between March and August 2020 or an average monthly income during this period that is less than 120% of the average monthly income prior to March 1. A total of $10 million has been allocated for this program.

South Dakota continues to monitor the emergence of the novel coronavirus.

05/26/2020

Review of the PPP Loan Forgiveness Application
Under the Paycheck Protection Program (PPP) loans may be forgiven if borrower’s use the proceeds to maintain their payrolls and pay other specified expenses. The Treasury Department and Small Business Administration recently released an eleven-page borrower application form & instructions for loan forgiveness and.. people have a lot of questions!

FREE webinar to review the application and to learn what a borrower needs to do to apply for possible loan forgiveness
Thu, May 28, 2020 11:00 AM - 12:30 PM MDT
Register Here:

05/18/2020

Johns Hopkins University has developed a toolkit for businesses reopening. Information included a Business Risk Worksheet and an Assessment Calculator.

This operational toolkit has been developed to help business owners who are considering reopening or expanding their operations to determine their…

05/15/2020

LISC is the largest organization in the country supporting projects that revitalize struggling communities.

04/21/2020

LYONS, NEBRASKA – Entrepreneurs interested in gaining knowledge on how to start or grow their business are invited to an online training session focused on business plan basics using DreamBuilder, hosted by the Center for Rural Affairs.

04/14/2020

Native American Agriculture Fund (NAAF) 2020 Request for Applications (RFA) is now open. It will close on Monday, June 1, 2020 at 11:59 pm CDT.
Eligible Grant Recipients:
• 501(c)(3) organizations
• Educational organizations
• Community Development Financial Institutions (CDFI) and Native CDFIs
• State and federally recognized Tribes and instrumentalities of Tribes
Funding Areas:
• Targeted funding in business assistance, agricultural education, technical support and advocacy services
• Special emphasis funding in traditional foods/food sovereignty, advocacy, agriculture extension and youth programming

The Native American Agriculture Fund plans to begin grantmaking in 2019. Your feedback is critical to informing the future direction and priorities of the Native American Agriculture Fund. Please complete this survey to provide your input.

04/14/2020

Bush Foundation: COVID-19 Resources in Our Region (ND, SD, MN)

During this time of uncertainty and economic challenges, the Bush Foundation is thinking about how to be most supportive and useful to our community, our grantees, our partners and our staff. Read more about what we're doing.

04/10/2020

04/03/2020

South Dakota Governor's office has created the SMALL BUSINESS RELIEF FUND: It does include Nonprofits. Here is more information which includes a link to the application.

John Willard, from CAW Industries, a Rapid City company that produces plant catalysts for ag products, saw a story on CBS about companies doing what they can to help. He started thinking his company might try to do something as well.